China'southward nationwide blockchain network, the Blockchain-based Ser­vice Internet­piece of work (BSN), will launch in April 2022, six months after it was rolled out for testing.

Backed by Chinese regime policy think tank the State In­for­ma­tion Cen­ter (SIC), the ambitious project aims to provide a trusted and scalable infrastructure for supporting new blockchain projects also equally the evolution of smart cities and the digital economy.

BSN is a joint initiative of China's state policy retrieve tank and country-run companies

Tang Sisi, deputy head of the Smart City Development Inquiry Eye of the Chi­na's State In­for­ma­tion Cen­ter (SIC), appear the news at the China Ur­ban Reg­u­la­tion In­no­va­tion Fo­rum in early on January, Chinese finance-focused publication Sina Finance reported on Jan. 7. According to the executive, the BSN will be officially launched for commercial operation in April after the network was first released for internal beta testing in October 2022.

As previously reported, the BSN network is an interregional public infrastructure network that was jointly developed by the SIC, major China's state-run telecom People's republic of china Mobile and the Chinese government-supported payment menu network China UnionPay, amongst others.

China to further strengthen blockchain adoption with the projection

During the internal testing period between October 2022 and March 2022, the BSN network is reportedly ready to involve a total of 400 enterprises and 600 developers, Sina reports. First piloted in the city of Hangzhou, the uppercase of e Prc's Zhejiang province, the BSN specifically intends to reduce technical and economic costs associated with developing blockchain adoption, SIC' deputy director Zhang Xueying said.

As the Chinese government has been gradually strengthening its blockchain adoption and expertise, the establishment of a new national class blockchain network is apparently an of import milestone in its approach. Alongside the active development of blockchain applications, Mainland china has been working hard to introduce its own digital currency.

According to a Jan. six report by Cointelegraph, development of a authorities-backed digital currency at the People'southward Bank of China is progressing smoothly.